Master the New-Look
ABS/MBS Market

Every week, Asset-Backed Alert delivers the earliest word on money-making plays emerging from the evolving securitization business, including the worldwide markets for ABS, MBS and CLOs.

Selections from Recent Issues

05/17/2019

Rare Utility-Fee Bonds Headed to Market

AEP Texas is moving ahead with what would be the first utility-fee securitization in the U.S. since May 2018.

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05/10/2019

Prosecutors Take Notice of Honor Scandal

The U.S. Department of Justice is investigating defunct auto lender Honor Finance, whose lone asset-backed bond deal is on the verge of default.

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05/03/2019

Negative-Am Mortgage Bonds Resurfacing

Wells Fargo is auctioning off pre-credit-crisis mortgages in which the borrowers were able to defer early payments by adding to their principal balances...

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04/26/2019

Morningstar Recruits Reinforce MBS Team

Morningstar has hired two key analytical professionals away from S&P, installing one of them as head of mortgage-bond ratings.

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04/12/2019

IMN Quietly Swaps Out Buy-Side Leader

Information Management Network has suddenly replaced the head of its new investor group.

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04/05/2019

AllianceBernstein Seeks Larger CLO Presence

AllianceBernstein is getting into the business of securitizing broadly syndicated leveraged loans.

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03/29/2019

Ambitious Morningstar Plans Hiring Blitz

Morningstar is expanding its structured-finance rating and technology groups.

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03/22/2019

QM Impasse Threatens Agency Pullback

Mortgage-finance professionals are growing concerned that originators of non-qualified loans won’t have the capacity for an anticipated uptick in...

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03/15/2019

RBC Adds Thrust to Repurchase Campaign

RBC is further increasing the volume of repurchase agreements that it writes against mortgage products, and possibly other assets.

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03/08/2019

AIG Stepping Up, Diversifying MBS Output

AIG is planning an expansion of its mortgage-bond program, potentially positioning itself as a leading issuer in the sector.

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03/01/2019

Goldman Maps Non-QM Issuance Program

Goldman Sachs is positioning itself to securitize home loans that don’t meet the Consumer Financial Protection Bureau’s “qualified-mortgage” standards.

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02/22/2019

CLO Trading Soars Amid Refinancing Pause

Secondary-market trading of collateralized loan obligations has suddenly sprung to life.

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